There is already one TTM trend in the code base, but this one is doing the calculation in a different way.
The TTM (Trade The Markets) Trend is basically an easier way to look
at candlesticks. It is the The Heikin-Ashi method. Literally translated
Heikin is "average" or "balance,", while Ashi means "foot" or "bar." The
TTM trend is a visual technique that eliminates the irregularities from
a normal candlestick chart and offers a better picture of trends and
The TTM Trend can be modified to suit your trading personality or
style. If look back bars closes above the 50% mark of the average for
the past look back candlesticks, it changes color to bearish. If look
back bars closes below the 50% mark of the average for the past look
back candlesticks, the TTM Trend changes color to bullish. It is simple,
but the TTM Trend is definitely an easier way to look at charts.
Author: Mladen Rakic
Once again thank you for this indicator, good work Mr Mladen.